What: Hands Off Appalachia! is an urban-based campaign demanding UBS wealth management company change their official policy and stop funding companies that engage in mountaintop removal coal mining. UBS provides funding and investment services to Patriot, Arch and James River Coal Companies. Those three companies, operate active strip mines in Kentucky, Virginia and West Virginia.
HOA!’s Teach-in consists of a presentation about the campaign and collaborative discussion around next actionable steps with community members.
UBS is a Swiss-owned wealth management company based out of Zurich, Switzerland. Unlike regular banks, UBS handles only large investments and clients with money to “manage”.
UBS is a Swiss Bank.
What’s Mountaintop Removal Coal Mining?
Mountaintop removal coal mining (MTR) is a form of strip mining that was developed in the 1970’s as a method for extracting coal cheaply. Companies use explosives to remove the top layers of soil and rock from a mountain ridge, exposing the seams of coal for easy access. The valley-fills that accompany mountaintop removal are poisoning water supplies, causing cancer and birth defects, devastating local economies, and displacing large segments of Central Appalachian residents.
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